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Unless the government will be able to find good use of these cars, they are often sold to the public. Otherwise, they're not only going to keep inventory but they have to spend for their maintenance. Though government car auctions may spell boon for people who have been dying to possess their very own luxury car, there are also disadvantages that you need to consider:
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Every day, almost hundreds of government auction happening in every corner of the country. In these seized auctions the value of property will be as low as ninety percent off its bazaar value. The majority of banks and government organizations don't want to hold the property with them for long as they're going to pay on the upkeep of the house, so that their area unit favors to sell it as shortly as possible at extra low-cost costs at these appropriated property auctions. There's no drawback in locating wherever these type of auctions happening in your vicinity. It will be simply set wherever the area unit they command and what is available to them. Nearly all of them are published in newspaper or in television. You can also search the internet the government auctions held near your area or in your city and other relevant information such as time, date and the items being auctioned.
Several different federal agencies hold government auctions. The General Services Administration is the granddaddy of them all, because it sells on behalf of other departments. When a federal agency no longer needs something — say, a pickup truck — it reports the truck to GSA, which first offers it to other federal agencies and then to state and local governments or nonprofits. If nobody claims the truck, then the GSA auctions it off to the public, and you get your chance at it.
Research: Even though you'll be able to see photos of whatever you're bidding on, check out other websites with something the same or very similar for sale. Comparing an object's makeup and condition makes it less likely you'll overpay for something. If you're bidding on something you know is in your area, try contacting the seller to ask for an in-person inspection or, at the very least, a video of the item from every angle.
Boulder, Colo., police started using PropertyRoom.com in 2007, mainly to unload property that couldn't be traced back to the owners. Before items are put up for auction, they are posted on the police department’s Web site for four weeks. Previously, the department had been stuck holding onto items for up to three years, said spokeswoman Sarah Huntley.
Heard the promises of $100 retired military Jeeps and $500 luxury cars confiscated in drug raids? You've likely seen the newspaper ads, flyers and infomercials that were so popular in recent years as part of get-rich-quick schemes, promising to show us how to buy luxury automobiles at a small fraction of their real worth through government auctions.
The first way to find these auctions is to do the legwork yourself. Contact your local federal, state, county, and local government agencies to determine if they have auctions, where they are, and on what schedule. Contact banks and financial institutions for their auctions, if they have them. Contact national and local auction companies who handle auctions for government agencies.
If you run into a problem, try to work it out directly with the buyer or seller or with the auction website. If that does not work, file a complaint with the Federal Trade Commission by calling toll-free 1-877-FTC-HELP (382-4357) or visiting the FTC's website. Although the Commission cannot resolve individual problems for consumers, it can act against a company if it sees a pattern of possible law violations. You also may want to contact your state Attorney General or your local consumer protection office.
StorageTreasures.com is the internet's leading storage auction information portal, online storage auction marketplace and local self storage locator. By offering the most comprehensive self storage auction schedules available on the internet, the site has amassed the world's largest storage auction audience. In addition to storage auction hunters, the site serves auctioneers, appraisers, pickers, yard sale buyers, self storage customers and facility owners throughout the US and Canada. StorageTreasures.com has appeared on A&E's Storage Wars, Fox11News Los Angeles and ABC 6 Philadelphia.
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Their images might look fine online but the "dollar" store might sell better stuff. It looks like they get items in bulk from china or india, they inflate the value for this "junk" to make people bid on them. Then they overcharge shipping pretending is due to the high value of the item to make more money on top. Everything I got are not of any known brand or are brands made for this type of "dollar" market.
Depending on the agency, the government may use revenue from auctioned items to support crime-prevention programs, pay restitution to crime victims or purchase new equipment the department needs. "By providing agencies with the ability to dispose of excess assets, GSA benefits taxpayers by eliminating the need to maintain and store the unneeded property while also raising more than $300 million in revenue in just the last two years," a GSA spokesperson said.
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Crossville Studios of Tennessee has purchased 2 Colorado based wholesale Tile & Stone Distributors. This purchase and merger of companies has resulted in thousands of square feet of excess tile and stone inventory that must be liquidated. Public online auction will include large format porcelain tiles, natural stone tiles, decorative mosaics as well as 3cm thick slab material in man-made quartz, 3cm natural granite, marble, quartz and travertine slabs. All porcelain, ceramic and natural stone tile to be sold is first grade material.